{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:47:59.655Z",
  "seo": {
    "title": "Venezuela exports to Panama: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Venezuela to Panama, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "VEN",
    "country_name": "Venezuela"
  },
  "importer": {
    "iso3": "PAN",
    "country_name": "Panama"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "VEN",
    "importer_iso3": "PAN",
    "all_history_lane_count": 75,
    "current_lane_count": 6,
    "current_product_count": 6,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 940680.3033107291,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 569185.4358153997,
    "unrecovered_drawdown_trade_usd": 688537.1721987512,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 806164.361431513,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 4,
    "unrecovered_drawdown_lane_count": 3,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 5,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 0.9860719098154325,
    "trade_weighted_below_peak_pct": 48.80892644742712,
    "product_concentration_hhi": 2958.332638114434,
    "top1_product_share_pct": 45.00172269015606,
    "top3_product_share_pct": 84.49387174311819,
    "top_product_hs6": "480300",
    "top_product_trade_usd": 423322.34149681317,
    "top_product_description": "Tissue, towel, napkin stock or similar: for household or sanitary use, cellulose, wadding webs of cellulose fibres, in rolls exceeding 36cm in width or rectangular sheets with one side more than 36cm in unfolded state",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 1390.19482421875,
    "shares_land_border": 0,
    "shares_official_language": 1,
    "common_spoken_language_score": 0.9207000136375427,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 12.196142178989897,
    "avg_mfn_tariff_pct": 12.196142178989897,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 6,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 63605.0658,
    "buyer_gdp_pc_latest": 14516,
    "buyer_population_latest": 4381.583,
    "buyer_gdp_5y_cagr_pct": 4.395634788621838,
    "buyer_gdp_pc_5y_cagr_pct": 3.063341443383494,
    "buyer_population_5y_cagr_pct": 1.2926937226950042,
    "buyer_investment_5y_avg_pct": 37.974000000000004,
    "buyer_savings_5y_avg_pct": 37.7,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 0,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 63605.0658,
    "buyer_gdp_pc_2024": 14516,
    "buyer_population_2024": 4381.583
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 74792567.96450372,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 184367554.7872122,
      "yoy_growth_pct": 146.50518066810108,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 166513842.78486696,
      "yoy_growth_pct": -9.68376025974369,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 124198265.13779683,
      "yoy_growth_pct": -25.412648545827587,
      "cagr_3y_pct": 18.418356202854525
    },
    {
      "year": 1999,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 111321460.05406834,
      "yoy_growth_pct": -10.367942796497031,
      "cagr_3y_pct": -15.478966408246597
    },
    {
      "year": 2000,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 270725086.3530765,
      "yoy_growth_pct": 143.19218075435458,
      "cagr_3y_pct": 17.58702042978775
    },
    {
      "year": 2001,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 183530814.7548441,
      "yoy_growth_pct": -32.20768077787762,
      "cagr_3y_pct": 13.901948720888813
    },
    {
      "year": 2002,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 170621005.0128676,
      "yoy_growth_pct": -7.03413743311776,
      "cagr_3y_pct": 15.296962867350361
    },
    {
      "year": 2003,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 128412545.0339972,
      "yoy_growth_pct": -24.73813817688344,
      "cagr_3y_pct": -22.012263166948344
    },
    {
      "year": 2004,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 186095515.52066574,
      "yoy_growth_pct": 44.92004303115167,
      "cagr_3y_pct": 0.46365439916828954
    },
    {
      "year": 2005,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 197567761.35513142,
      "yoy_growth_pct": 6.164708376968764,
      "cagr_3y_pct": 5.009323596219972
    },
    {
      "year": 2006,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 340869476.2122902,
      "yoy_growth_pct": 72.53294458278117,
      "cagr_3y_pct": 38.46081596000368
    },
    {
      "year": 2007,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 115579763.565158,
      "yoy_growth_pct": -66.09266254946921,
      "cagr_3y_pct": -14.680435239104783
    },
    {
      "year": 2008,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 75334826.40957855,
      "yoy_growth_pct": -34.82005492500545,
      "cagr_3y_pct": -27.485213774746665
    },
    {
      "year": 2009,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 52673522.94860855,
      "yoy_growth_pct": -30.080780086709936,
      "cagr_3y_pct": -46.33784809922245
    },
    {
      "year": 2010,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 39290398.91175398,
      "yoy_growth_pct": -25.40768736868416,
      "cagr_3y_pct": -30.20865861967629
    },
    {
      "year": 2011,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 34818648.15800375,
      "yoy_growth_pct": -11.381281121104836,
      "cagr_3y_pct": -22.683526360957394
    },
    {
      "year": 2012,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 42155365.93605689,
      "yoy_growth_pct": 21.071230981627444,
      "cagr_3y_pct": -7.156073485744196
    },
    {
      "year": 2013,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 59135491.56278688,
      "yoy_growth_pct": 40.27986769818626,
      "cagr_3y_pct": 14.600696648438971
    },
    {
      "year": 2014,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 47174069.720158376,
      "yoy_growth_pct": -20.227145368240507,
      "cagr_3y_pct": 10.653157992571982
    },
    {
      "year": 2015,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 40975536.81640661,
      "yoy_growth_pct": -13.139703528913504,
      "cagr_3y_pct": -0.9417625907493177
    },
    {
      "year": 2016,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 38480006.31471886,
      "yoy_growth_pct": -6.090293613160281,
      "cagr_3y_pct": -13.344598037119793
    },
    {
      "year": 2017,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 31986121.894120082,
      "yoy_growth_pct": -16.875996244612935,
      "cagr_3y_pct": -12.147778518094409
    },
    {
      "year": 2018,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 20299726.320693236,
      "yoy_growth_pct": -36.53583142123623,
      "cagr_3y_pct": -20.87352047597335
    },
    {
      "year": 2019,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 8656052.888922598,
      "yoy_growth_pct": -57.35877049682809,
      "cagr_3y_pct": -39.182543165765516
    },
    {
      "year": 2020,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 7450808.135681151,
      "yoy_growth_pct": -13.923722148045481,
      "cagr_3y_pct": -38.47089507278382
    },
    {
      "year": 2021,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 2368082.9807943506,
      "yoy_growth_pct": -68.2170989016098,
      "cagr_3y_pct": -51.13826193369416
    },
    {
      "year": 2022,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 2445257.7574869767,
      "yoy_growth_pct": 3.2589557595122276,
      "cagr_3y_pct": -34.385234455070176
    },
    {
      "year": 2023,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 6966675.804764198,
      "yoy_growth_pct": 184.9055803394707,
      "cagr_3y_pct": -2.2145871598458045
    },
    {
      "year": 2024,
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "export_value_usd": 2089728.514479933,
      "yoy_growth_pct": -70.00393626683675,
      "cagr_3y_pct": -4.082544180476977
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "hs_code": "480300",
      "hs_description": "Tissue, towel, napkin stock or similar: for household or sanitary use, cellulose, wadding webs of cellulose fibres, in rolls exceeding 36cm in width or rectangular sheets with one side more than 36cm in unfolded state",
      "buyer_imports_latest_usd": 22089432.13881307,
      "current_below_peak_pct": 65.82871173931444,
      "lane_volatility_cv": 1.0070924700465713,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "hs_code": "300212",
      "hs_description": "Blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions",
      "buyer_imports_latest_usd": 51070645.01771176,
      "current_below_peak_pct": 51.834373035757096,
      "lane_volatility_cv": 0.8162708367790267,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "hs_code": "190531",
      "hs_description": "Food preparations: sweet biscuits, whether or not containing cocoa",
      "buyer_imports_latest_usd": 26624245.655426342,
      "current_below_peak_pct": 22.230066272110736,
      "lane_volatility_cv": 0.5223257900215009,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "hs_code": "320890",
      "hs_description": "Paints and varnishes: based on polymers n.e.s. in heading no. 3208, dispersed or dissolved in a non-aqueous medium",
      "buyer_imports_latest_usd": 52766574.95909944,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.1520099527692442,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "hs_code": "950510",
      "hs_description": "Christmas festivity articles",
      "buyer_imports_latest_usd": 23471492.830448885,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.6740707961764676,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "VEN",
      "importer_iso3": "PAN",
      "hs_code": "761510",
      "hs_description": "Aluminium: table, kitchen or other household articles and parts thereof: pot scourers and scouring or polishing pads, gloves and the like",
      "buyer_imports_latest_usd": 21148373.51719915,
      "current_below_peak_pct": 98.20400658573578,
      "lane_volatility_cv": 2.848485977573584,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "VEN",
    "importer_iso3": "PAN",
    "distance_km": 1397,
    "shares_land_border": 0,
    "shares_official_language": 1,
    "shares_ethnic_language": 1,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 63605.0658,
    "importer_gdp_per_capita_usd": 14516.458047240005,
    "importer_population": 4381.583,
    "importer_biz_entry_days": 6,
    "importer_biz_entry_cost_pct": 5.8,
    "exporter_gdp_million_usd": 438283.56710399996,
    "exporter_gdp_per_capita_usd": 15268.57259496072,
    "avg_applied_tariff_pct": 12.196142178989897,
    "avg_mfn_tariff_pct": 12.196142178989897,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/VEN-PAN/risk",
    "html": "https://www.yugalinks.com/trade/corridor/VEN-PAN/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/VEN-PAN/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/VEN-PAN/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/VEN-PAN/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}